Pan Orient Energy (CVE:POE) Shares Pass Above 200-Day Moving Average of $2.26

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Pan Orient Energy Corp. (CVE:POE) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $2.26 and traded as high as $2.57. Pan Orient Energy shares last traded at $2.52, with a volume of 2,735 shares trading hands.

The company has a quick ratio of 13.70, a current ratio of 13.70 and a debt-to-equity ratio of 0.09. The company has a market cap of $134.40 million and a P/E ratio of 45.37. The business has a fifty day moving average of C$2.51 and a 200 day moving average of C$2.27.

About Pan Orient Energy (CVE:POE)

Pan Orient Energy Corp., together with its subsidiaries, engages in the exploration, development, and production of oil and gas properties in Thailand, Indonesia, and Canada. It holds interests in the concession L53/48 located in west of Bangkok, Thailand; the East Jabung production sharing contract located in South Sumatra, Indonesia; and 78 sections of Sawn Lake Alberta Crown oil sands located in the central Alberta Peace River Oil Sands area.

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